The Growth is Gone: Freddie Mac’s Portfolio Rate Drops
Freddie Mac’s annualized rate for mortgage-related investments portfolio in November contracted 21.2 percent, a stark contrast from the rare growth of 4.7 percent last month. Fannie Mae is set to release its November statement later this month.
The growth is gone! Business is so slow at Freddie Mac that part of their parking lot is now leased out as a skate-board park.